Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.81% | -0.02 | 0.82% |
| Return on Equity (%) | ▼ | 9.07% | -0.97 | 10.04% |
| Net Interest Margin (%) | ▲ | 3.42% | +0.31 | 3.11% |
| Efficiency Ratio (%) | ▼ | 67.58% | +2.42 | 65.15% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.78 | $7 |
| Cost of Funds (%) | ▲ | 1.88% | -0.48 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,321 | +295.46 | $2,026 |
| Gross Loans ($M) | ▲ | $1,586 | +219.94 | $1,366 |
| Loan Growth YoY (%) | ▼ | 77.07% | -1.18 | 78.26% |
| Total Deposits ($M) | ▲ | $2,031 | +306.73 | $1,724 |
| Shareholders Equity ($M) | ▲ | $217 | +42.68 | $174 |
| Tang. Book Value ($M) | ▲ | $187 | +23.37 | $164 |
| TBV excl. AOCI ($M)** | ▲ | $204 | +25.50 | $178 |
| Loan / Deposit Ratio (%) | ▼ | 77.07% | -1.18 | 78.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.29 | 0.41% |
| Allowance / Loans (%) | — | 1.31% | 0.07% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.18 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.03% | -0.09 | 11.13% |
Noninterest income ($3.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅▆█ | Net Interest Margin (%) | 2.90% | 2.93% | 3.06% | 3.11% | 3.16% | 3.19% | 3.27% | 3.42% |
| ▂▅▂▆▇█▁▅ | Return on Assets (%) | 0.72% | 0.79% | 0.72% | 0.82% | 0.85% | 0.90% | 0.67% | 0.81% |
| █▅▆▂▂▁█▆ | Efficiency Ratio (%) | 69.1% | 66.8% | 67.7% | 65.2% | 64.8% | 63.6% | 69.9% | 67.6% |
| █▆▆▆▅▃▂▁ | Cost of Funds (%) | 2.64% | 2.42% | 2.38% | 2.37% | 2.31% | 2.14% | 2.05% | 1.88% |
| ▇█▇█▆▄▂▁ | NPA / Assets (%) | 0.36% | 0.43% | 0.39% | 0.41% | 0.34% | 0.26% | 0.17% | 0.12% |
| ▆█▇▃▅▃▂▁ | Net Charge-Off Ratio (%) | 0.54% | 0.67% | 0.59% | 0.35% | 0.46% | 0.36% | 0.24% | 0.17% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $156 | $153 | $158 | $164 | $170 | $176 | $179 | $187 |
| ▁▁▁▂▂▄▅█ | Gross Loans ($M) | $1,315 | $1,326 | $1,344 | $1,366 | $1,370 | $1,440 | $1,463 | $1,586 |
| ▁▃▄▃▃▆▆█ | Total Deposits ($M) | $1,594 | $1,743 | $1,762 | $1,724 | $1,730 | $1,888 | $1,875 | $2,031 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 8% |
| Agricultural | 12% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 13% |